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Despite pullback, MCX Gold, Silver futures face multiple hurdles ahead

August 1, 2022
in INDIA
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The MCX Gold futures are likely to face resistance around Rs 51,670, while Silver futures may face hurdle at Rs 59,030.

Topics

Gold  | Silver | gold silver prices



Rex Cano  | 
Mumbai 


Last Updated at August 1, 2022 09:36 IST



Gold and Silver prices logged smart gains last week after US Federal chairman Jerome Powell hiked interest rates for the fourth time in 2022. Despite the pullback, both Gold and Silver need to claw back above multiple hurdles for the overall trend to turn favourable technically.



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First Published: Mon, August 01 2022. 09:36 IST





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10 grams of 24-carat sold at Rs 51,490; silver at Rs 58,400 per kilo

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